July 18, 2019 / 7:00 PM / a month ago

U.S. tells T-Mobile, Sprint to wrap up divestiture deal: source

FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration/File Photo GLOBAL BUSINESS WEEK AHEAD

WASHINGTON (Reuters) - The U.S. Justice Department has told T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) to wrap up a deal by the end of next week to sell assets that need to be divested or face a lawsuit aimed at stopping their proposed merger, a source familiar with the deal said on Thursday.

CNBC was the first to report the ultimatum.

Reporting by David Shepardson and Diane Bartz; Editing by Leslie Adler

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